Archive Europe: Economy

  • DAVOS, Switzerland, Jan 19- Bank of Japan Governor Haruhiko Kuroda said on Thursday he would closely watch what policies U.S. Speaking to reporters at the World Economic Forum in Davos, Kuroda said tax cuts and infrastructure investment in the United States would boost the growth of the world's largest economy, contributing to the global economy.

  • FRANKFURT, Jan 19- The European Central Bank stuck to its super-easy monetary policy on Thursday, telling those calling for a tightening- like economic powerhouse Germany- to be patient as the bloc slowly regains its economic health. Having already bought 1.5 trillion euros worth of assets and cut rates deep into negative territory, the bank often tests the...

  • DAVOS, Switzerland, Jan 19- Bank of Japan Governor Haruhiko Kuroda said on Thursday he would closely watch what policies U.S. Speaking to reporters at the World Economic Forum in Davos, Kuroda said tax cuts and infrastructure investment in the United States would boost the growth of the world's largest economy, contributing to the global economy.

  • BRASILIA, Jan 19- Brazil's inflation rate slowed more than expected in mid-January, falling below 6 percent for the first time in nearly three years and reinforcing market bets on steep interest rate cuts by the central bank. "Inflation is slowing down in general, not only at a single group," said Carlos Lopes, an economist with Banco Votorantim.

  • DAVOS, Switzerland— The Latest on the World Economic Forum in Davos, Switzerland:. Roberto Azevedo, director-general of the World Trade Organization, said it's not inevitable that Britain will rejoin the body that oversees global trade soon after it leaves the European Union. Speaking at the World Economic Forum, Azevedo said Britain will remain a member until...

  • LONDON, Jan 19- Gold fell on Thursday as the dollar and U.S. bond yields surged after strong U.S. economic data and support from Federal Reserve Chair Janet Yellen for higher U.S. interest rates. Spot gold fell 0.2 percent to $2,201.76 an ounce by 1609 GMT, having dropped by 1.1 percent in the previous session, its biggest fall since Dec. 15. "It looks like the dollar's...

  • *France and Spain sell short-dated bonds. LONDON, Jan 19- Euro zone bond yields pulled back from one-month highs on Thursday after the ECB played down a pick up in inflation, highlighting a divergence with the U.S. The European Central Bank kept its super-easy monetary policy unchanged as expected and its president, Mario Draghi, said underlying inflationary...

  • DAVOS, Switzerland, Jan 19- Bank of Japan Governor Haruhiko Kuroda said on Thursday that he was closely watching what policies U.S. President-elect Donald Trump would implement after he is sworn in. Speaking to reporters at the World Economic Forum in Davos, Kuroda said tax cuts and infrastructure investment in the United States would boost the growth of the...

  • Central bank president argues the increased inflation rates were not yet a convincing trend for the ECB to amend its monetary policy.

  • FRANKFURT, Jan 19- The European Central Bank kept its super-easy monetary policy unchanged as expected on Thursday and its president, Mario Draghi, told critics of his stimulus path to be patient and wait for the euro zone's recovery to take firm hold. "The recovery of all of the euro zone is in the interests of everybody, including Germany," ECB President Mario...

  • FRANKFURT, Jan 19- Rising inflation in the euro zone is primarily being driven by fluctuating energy prices and there are no signs it is sustainable, European Central Bank President Mario Draghi said on Thursday. "There are no signs yet of a convincing upward trend in underlying inflation," he told a news conference. "Headline inflation is likely to pick up further...

  • FRANKFURT, Jan 19- Rising inflation in the euro zone is primarily being driven by fluctuating energy prices and there are no signs it is sustainable, European Central Bank President Mario Draghi said on Thursday. "There are no signs yet of a convincing upward trend in underlying inflation," he told a news conference. "Headline inflation is likely to pick up further...

  • FRANKFURT, Jan 19- European Central Bank President Mario Draghi said on Thursday that actions the bank has taken in December have succeeded in improving the economic climate, but he pledged to do more if the improvement proved transitory. With inflation in Germany hitting 1.7 percent in December, ECB critics in the country have been calling for an early end to...

  • FRANKFURT, Jan 19- The European Central Bank kept its super-easy monetary policy unchanged as expected on Thursday, maintaining extraordinary stimulus to aid a tepid recovery in growth after nearly a decade in the doldrums. "If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained...

  • FRANKFURT, Germany— The European Central Bank has warned there is still little sign of an enduring pick-up in shop prices and workers' wages in the eurozone— a symptom of economic weakness that means the bank will leave its stimulus programs running nearly full blast at least until year-end. The bank's 25- member governing council, led by President Mario Draghi,...

  • ECB President, Mario Draghi tells CNBC that low rates are necessary now to get higher rates later.

  • *France and Spain due to sell short-dated bonds. LONDON, Jan 19- Euro zone bond yields rose sharply on Thursday as comments from U.S. Federal Reserve Chair Janet Yellen overnight were viewed as ratcheting up pressure on the European Central Bank's commitment to its loose monetary policy.

  • THE HAGUE, Netherlands— The number of people registered as unemployed in the Netherlands fell by more than 100,000 last year, the biggest drop in a decade, the government statistician announced Thursday. "It is great to see that so many people went back to work in the last year," Social Affairs Minister Lodewijk Asscher, of the junior coalition partner Labor Party,...

  • LONDON, Jan 19- Emerging market stocks fell on Thursday and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar. "Essentially the big part is how much they will actually hike this year- instead of two it could be three now," said Simon Quijano-Evans, emerging markets...

  • DAVOS, Switzerland— British Prime Minister Theresa May has sought to convince business leaders gathered at the World Economic Forum that the country remains committed to free trade and globalization. May said Thursday that the country's decision last year to leave the European Union was not a rejection of "our friends in Europe," or an attempt to cease...

Contact Europe: Economy

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